The space race is on.

There are rumors that SpaceX could IPO at a $1.75T valuation. If true, it would be the largest and most expensive IPO in history. Whether that valuation is justified is a separate debate. But one thing is clear: it would likely be a major positive catalyst for the rest of the space sector. Investors will likely re-rate the whole sector.

And one of the companies that is somewhere close to SpaceX is RocketLab - as I’ve written about at various points. It is one of the few public names with real launch capability.

The Setup:

• Re-rating of the whole sector

• SpaceX likely in June or July

• Potential pullback buy point